Ringgit lower against US$ on the Turkish lira crisis New Taiwan Dollar To Sgd

In Taiwan, some US dollar bills treated with caution at exchange outlets

Ringgit lower against US$ on the Turkish lira crisis

“The tension will be ongoing for quite some time. However, the ringgit will not be severely affected as most of the nation's debt is in the local unit,” a dealer said.

KUALA LUMPUR: The ringgit was lower for the second consecutive day Tuesday against the US dollar as investors moved to a safer haven, amid geopolitical concerns over Turkey that saw its currency, the lira tumble.

At 9 am (0100 gmt), the local note was traded at 4.0930/0970 versus the greenback from yesterday's close of 4.0900/0950.

A dealer said the situation affects not only the ringgit, but globally, especially emerging markets.

“The tension will be ongoing for quite some time. However, New Taiwan Dollar To Sgd ,” he said.

The lira has lost more than 40 per cent of its value against the dollar since early this year and following a bitter dispute between Ankara and Washington.

The dealer said an increase in oil prices would cushion any impact on the ringgit.

The benchmark Brent crude increased to US$72.80 per barrel at 9 am  Tuesday.

The ringgit, however, traded mostly lower against a basket of major currencies.

It declined against the Singapore dollar to 2.9743/9777 from 2.9696/9743 on Monday, but rose against the Japanese yen at 3.6940/6983 from 3.7054/7109.

The local note contracted against the British pound to 5.2227/2286 from 5.2139/2219 and fell vis-a-vis the euro at 4.6668/6718 from 4.6544/6617. - Bernama

Most Asian currencies weaken; Thai baht leads losses

The following table shows rates for Asian currencies against the dollar at 0150 GMT (0950 Malaysian time) on Tuesday Aug 14.

 Currency                     Latest bid  Previous day  Pct Move

 Japan yen                    110.720     110.71        -0.01

 Sing dlr                     1.375       1.3756        +0.02

 Taiwan dlr                   30.805      30.812        +0.02

 Korean won                   1134.200    1133.9        -0.03

 Baht                         33.340      33.25         -0.27

 Peso                         53.480      53.37         -0.21

 Rupiah                       14619.000   14590         -0.20

 Rupee                        69.933      69.93         0.00

 Ringgit                      4.095       4.09          -0.12

 Yuan                         6.889       6.8900        +0.01

                                                        

 Currency                     Latest bid  End 2017      Pct Move

 Japan yen                    110.720     112.67        +1.76

 Sing dlr                     1.375       1.3373        -2.76 New Taiwan Dollar To Sgd

 Taiwan dlr                   30.805      29.848        -3.11

 Korean won                   1134.200    1070.50       -5.62

 Baht                         33.340      32.58         -2.28 New Taiwan Dollar To Sgd

 Peso                         53.480      49.93         -6.64

 Rupiah                       14619.000   13565         -7.21

 Rupee                        69.933      63.87         -8.67

 Ringgit                      4.095       4.0440        -1.25

 Yuan                         6.889       6.5069        -5.55